Big 5 Sporting Goods Corporation Stock Forecast
Big 5 Sporting Goods Corporation stock price ended at $3.03 on Thursday, after losing 0%.
(Updated on Apr 18, 2024)
No changes to the price of Big 5 Sporting Goods Corporation stock on the last trading day (Thursday, 18th Apr 2024). During the last trading day the stock fluctuated 3.17% from a day low at $3.00 to a day high of $3.10. The price has fallen in 6 of the last 10 days and is down by -11.4% for this period.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.99 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -40.39% during the next 3 months and, with a 90% probability hold a price between $1.78 and $2.27 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BGFV Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The Big 5 Sporting Goods Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $3.17 and $3.65. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Big 5 Sporting Goods Corporation stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0950 between high and low, or 3.17%. For the last week, the stock has had daily average volatility of 3.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BGFV) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Big 5 Sporting Goods Corporation to open at $3.04, and during the day (based on 14 day Average True Range), to move between $2.85 and $3.21, which gives a possible trading interval of +/-$0.183 (+/-6.03%) up or down from last closing price. If Big 5 Sporting Goods Corporation takes out the full calculated possible swing range there will be an estimated 12.07% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $3.47, some $0.440 (14.52%) from the current price of $3.03, our system finds the risk reward not very attractive.
Is Big 5 Sporting Goods Corporation stock A Buy?
Big 5 Sporting Goods Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.019 Sell Candidate Unchanged
Predicted Opening Price for Big 5 Sporting Goods Corporation of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $3.04 ( 0.385%) | $3.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BGFV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.14 | 3.52 % | |
| R2 | 3.10 | 2.32 % | ||
| R1 | 3.08 | 1.58 % | ||
| Current price: | 3.03 | |||
| Support | S1 | 3.01 | -0.81 % | |
| S2 | 2.98 | -1.55 % | ||
| S3 | 2.95 | -2.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.57 | 17.82 % | |
| R2 | 3.52 | 16.17 % | ||
| R1 | 3.47 | 14.52 % | ||
| Current price | 3.03 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
BGFV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 27, 2024 | Mar 07, 2024 | Mar 22, 2024 | $0.0500 | 1.39% |
| 2 | Oct 26, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.0125 | 0.187% |
| 3 | Jul 27, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.250 | 3.46% |
| 4 | Apr 27, 2023 | May 31, 2023 | Jun 15, 2023 | $0.250 | 2.94% |
| 5 | Feb 23, 2023 | Mar 09, 2023 | Mar 24, 2023 | $0.250 | 3.41% |
FAQ
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